$1M Bet On Domino's Pizza? Check Out These 4 Stocks Insiders Are Buying

Although US stocks closed higher on Friday, there were a few notable insider trades.

When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock. Insider purchases should not be taken as the only indicator for making an investment or trading decision. At best, it can lend conviction to a buying decision.

Below is a look at a few recent notable insider purchases. For more, check out Benzinga's insider transactions platform.

Domino's Pizza

  • The Trade: Domino's Pizza Inc DPZ CEO Russell Weiner acquired a total of 3,333 shares an average price of $303.58. To acquire these shares, it cost around $1.01 million
  • What’s Happening: Domino's Pizza reported mixed Q4 financial results.
  • What Domino's Pizza Does: Domino's is a restaurant operator and franchiser with nearly 20,000 global stores across more than 90 international markets at the end of 2022.

Keurig Dr Pepper

  • The Trade: Keurig Dr Pepper Inc KDP Chief Legal Officer Anthony Shoemaker acquired a total of 3,500 shares at an average price of $34.34. To acquire these shares, it cost around $120.19 thousand.
  • What’s Happening: Keurig Dr Pepper reported fourth-quarter FY22 sales growth of 12.1% year-on-year, to $3.80 billion, beating the consensus of $3.78 billion.
  • What Keurig Dr Pepper Does: Keurig Dr Pepper was established in 2018 following a merger between Keurig Green Mountain Coffee and Dr Pepper Snapple.

Don’t forget to check out our premarket coverage here

American Homes 4 Rent

  • The Trade: American Homes 4 Rent AMH Director Douglas Benham bought a total of 5,725 shares at an average price of $23.67. To acquire these shares, it cost around $135.53 thousand.
  • What’s Happening: American Homes 4 Rent posted a rise in quarterly earnings.
  • What American Homes 4 Rent Does: American Homes 4 Rent is a real estate investment trust primarily focused on acquiring, operating, and leasing single-family homes as rental properties throughout the United States.

Check This Out: Top 5 Materials Stocks That That May Collapse In Q1 2023

Air Transport Services Group

  • The Trade: Air Transport Services Group Inc. ATSG Director Joseph C Hete bought a total 2,500 shares at an average price of $20.81. The insider spent around $52.02 thousand to buy those shares.
  • What’s Happening: Air Transport Services reported better-than-expected Q4 sales results.
  • What Air Transport Services Group Does: Air Transport Services Group Inc along with its subsidiaries operates within the airfreight and logistics industry.
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